Real Estate Investment Properties for Sale in Roanoke, VA

Looking for investment property in Roanoke, VA with high ROI ?

Explore a variety of short-term homes & houses in Roanoke, VA. Invest wisely with VRBO & Roanoke, VA Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Roanoke, VA

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1236 Longview Rd Roanoke, VA This beautiful colonial is in a very desirable location in Cave Spring w/ a SIX-bay garage...	4 beds \| 5 baths \| 3,941 sq.ft.	$659,000	Airbnb cash on cash: N/A Traditional cash on cash: 5% Airbnb Rental Income: $null Traditional Rental Income: $4346 Airbnb ROI: N/A Traditional ROI: 5%
4511 Westdale Rd NW Roanoke, VA This charming brick ranch offers the perfect blend of convenience, flexibility, and room t...	3 beds \| 3 baths \| 2,260 sq.ft.	$285,000	Airbnb cash on cash: 0.85% Traditional cash on cash: 6.44% Airbnb Rental Income: $1311 Traditional Rental Income: $2406 Airbnb ROI: 0.85% Traditional ROI: 6.44%
2756 Mcvitty Rd Roanoke, VA Welcome home to this beautifully maintained 3 bedroom, 2.5 bath home built in 2017, offeri...	3 beds \| 3 baths \| 2,525 sq.ft.	$529,950	Airbnb cash on cash: -0.47% Traditional cash on cash: 2.8% Airbnb Rental Income: $1317 Traditional Rental Income: $2528 Airbnb ROI: -0.47% Traditional ROI: 2.8%
3315 Forest Ridge Rd Roanoke, VA Condo Bylaws do not have any rental restrictions for this immaculate home that features 2 ...	2 beds \| 2 baths \| 1,386 sq.ft.	$229,950	Airbnb cash on cash: -1.22% Traditional cash on cash: 3.75% Airbnb Rental Income: $984 Traditional Rental Income: $1714 Airbnb ROI: -1.22% Traditional ROI: 3.75%
2646 Edgewood St SW Roanoke, VA Charming Cape Cod packed with character! This well-maintained 3-bedroom, 1.5-bath home fea...	3 beds \| 2 baths \| 1,915 sq.ft.	$299,950	Airbnb cash on cash: 0.32% Traditional cash on cash: 5.04% Airbnb Rental Income: $1144 Traditional Rental Income: $2097 Airbnb ROI: 0.32% Traditional ROI: 5.04%
1611 8th St SE Roanoke, VA Lovely family home convenient to shopping and so much more. A block away from public trans...	4 beds \| 2 baths \| 2,802 sq.ft.	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.83% Airbnb Rental Income: $null Traditional Rental Income: $2348 Airbnb ROI: N/A Traditional ROI: 9.83%
4438 Pheasant Ridge RD Roanoke, VA Beautifully updated 2 BD, 2 BA condominium offering carefree, low-maintenance living in a ...	2 beds \| 2 baths \| N/A	$299,950	Airbnb cash on cash: -1.3% Traditional cash on cash: 1.95% Airbnb Rental Income: $1083 Traditional Rental Income: $1631 Airbnb ROI: -1.3% Traditional ROI: 1.95%
6126 Greyholme LN Roanoke, VA A rare chance to own a documented piece of Virginia history! Known historically as''Grayho...	3 beds \| 2 baths \| N/A	$370,000	Airbnb cash on cash: 0.99% Traditional cash on cash: 3.23% Airbnb Rental Income: $1434 Traditional Rental Income: $1786 Airbnb ROI: 0.99% Traditional ROI: 3.23%
346 Allison Ave SW Roanoke, VA Outstanding views of the Roanoke Star await you from your primary bedroom suite private po...	4 beds \| 3 baths \| 3,004 sq.ft.	$419,950	Airbnb cash on cash: N/A Traditional cash on cash: 5.11% Airbnb Rental Income: $null Traditional Rental Income: $2956 Airbnb ROI: N/A Traditional ROI: 5.11%
3310 Belle Ave NE Roanoke, VA A wonderfully appointed three bedroom, two bath patio home with a perfect location to surr...	3 beds \| 2 baths \| 1,180 sq.ft.	$289,950	Airbnb cash on cash: 1.8% Traditional cash on cash: 4.64% Airbnb Rental Income: $1495 Traditional Rental Income: $1832 Airbnb ROI: 1.8% Traditional ROI: 4.64%
2869 Northview Dr SW Roanoke, VA Move-in ready, charming brick Ranch on quiet Raleigh Court/Rosalind Hills street in walkin...	3 beds \| 2 baths \| 2,000 sq.ft.	$305,000	Airbnb cash on cash: 0.33% Traditional cash on cash: 5.01% Airbnb Rental Income: $1144 Traditional Rental Income: $2108 Airbnb ROI: 0.33% Traditional ROI: 5.01%
1609 Center Hill Dr SW Roanoke, VA Gracefully nestled in the heart of Southwest Roanoke, this timeless brick Colonial blends ...	3 beds \| 3 baths \| 2,216 sq.ft.	$469,000	Airbnb cash on cash: -0.6% Traditional cash on cash: 3.52% Airbnb Rental Income: $1144 Traditional Rental Income: $2576 Airbnb ROI: -0.6% Traditional ROI: 3.52%
4825 Glen Ivy LN Roanoke, VA *First Floor Condominium. Car garage under. Secure Building. * Welcome to this charmin...	2 beds \| 2 baths \| N/A	$289,000	Airbnb cash on cash: 0.38% Traditional cash on cash: 3.91% Airbnb Rental Income: $943 Traditional Rental Income: $1557 Airbnb ROI: 0.38% Traditional ROI: 3.91%
2529 Derwent Dr SW Roanoke, VA This move-in ready home blends a storybook cottage exterior with a chic, petite-palace vib...	3 beds \| 2 baths \| 1,244 sq.ft.	$299,750	Airbnb cash on cash: 0.25% Traditional cash on cash: 4.2% Airbnb Rental Income: $1144 Traditional Rental Income: $1879 Airbnb ROI: 0.25% Traditional ROI: 4.2%
225 23rd St SW #205 Roanoke, VA Rare 3 bedroom condo with tons of light, views of South Roanoke, impeccably maintained, op...	3 beds \| 3 baths \| 2,724 sq.ft.	$695,000	Airbnb cash on cash: -1.91% Traditional cash on cash: -0.97% Airbnb Rental Income: $1181 Traditional Rental Income: $1407 Airbnb ROI: -1.91% Traditional ROI: -0.97%
3289 Avenham Ave SW Roanoke, VA Stately brick colonial in prime South Roanoke location. Many updates in the past 10-15 yea...	4 beds \| 3 baths \| 3,672 sq.ft.	$659,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.46% Airbnb Rental Income: $null Traditional Rental Income: $2803 Airbnb ROI: N/A Traditional ROI: 2.46%
197 Apple Tree Rd Roanoke, VA Why buy a home that needs updating when this one has already done it for you? Featuring ne...	4 beds \| 2 baths \| 1,448 sq.ft.	$369,950	Airbnb cash on cash: N/A Traditional cash on cash: 4.29% Airbnb Rental Income: $null Traditional Rental Income: $2085 Airbnb ROI: N/A Traditional ROI: 4.29%
692 Brookfield Ln Roanoke, VA Beautifully maintained 4-bedroom, 2.5-bath home on a peaceful nearly half-acre lot in the ...	4 beds \| 3 baths \| 1,984 sq.ft.	$469,950	Airbnb cash on cash: N/A Traditional cash on cash: 4.4% Airbnb Rental Income: $null Traditional Rental Income: $2702 Airbnb ROI: N/A Traditional ROI: 4.4%
6321 Otter Park Ct Roanoke, VA Tucked away on a quiet cul-de-sac with sweeping views of the Blue Ridge Parkway, this char...	3 beds \| 3 baths \| 2,017 sq.ft.	$415,000	Airbnb cash on cash: 0.17% Traditional cash on cash: 2.93% Airbnb Rental Income: $1317 Traditional Rental Income: $1983 Airbnb ROI: 0.17% Traditional ROI: 2.93%
3207 White Oak Rd SW Roanoke, VA This charming two-story brick home offers space, warmth, and major updates throughout. The...	3 beds \| 3 baths \| 2,579 sq.ft.	$609,900	Airbnb cash on cash: -0.69% Traditional cash on cash: 2.53% Airbnb Rental Income: $1292 Traditional Rental Income: $2726 Airbnb ROI: -0.69% Traditional ROI: 2.53%
141 Norfolk Ave SW Roanoke, VA Architecture is art you live in, and this vintage warehouse-turned townhome proves it. Wit...	2 beds \| 3 baths \| 3,259 sq.ft.	$583,000	Airbnb cash on cash: -1.09% Traditional cash on cash: 0.93% Airbnb Rental Income: $1009 Traditional Rental Income: $1749 Airbnb ROI: -1.09% Traditional ROI: 0.93%
319 Campbell Ave SW #101 Roanoke, VA Experience stylish downtown living in this stunning first-floor condo offering convenient ...	1 beds \| 1 baths \| 1,073 sq.ft.	$239,950	Airbnb cash on cash: -2.7% Traditional cash on cash: 2.5% Airbnb Rental Income: $581 Traditional Rental Income: $1475 Airbnb ROI: -2.7% Traditional ROI: 2.5%
294 Ray St Roanoke, VA Spacious 4-bedroom, 3 1/2-bath Colonial in Botetourt's Laurel Mountain neighborhood with n...	4 beds \| 4 baths \| 2,940 sq.ft.	$500,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.52% Airbnb Rental Income: $null Traditional Rental Income: $3355 Airbnb ROI: N/A Traditional ROI: 5.52%
3207 White Oak RD Roanoke, VA This charming two-story brick home offers space, warmth, and major updates throughout. The...	3 beds \| 3 baths \| N/A	$609,900	Airbnb cash on cash: -0.69% Traditional cash on cash: 2.01% Airbnb Rental Income: $1292 Traditional Rental Income: $2427 Airbnb ROI: -0.69% Traditional ROI: 2.01%
4341 Faircrest Ln Roanoke, VA Gorgeous and meticulously maintained, brick ranch in one of the area's most convenient cav...	3 beds \| 2 baths \| 1,643 sq.ft.	$419,950	Airbnb cash on cash: 0.5% Traditional cash on cash: 3.02% Airbnb Rental Income: $1453 Traditional Rental Income: $2013 Airbnb ROI: 0.5% Traditional ROI: 3.02%
3131 Garst Cabin Dr Roanoke, VA Welcome home to this spacious 4-bdroom, 2.5-bath property tucked away on a quiet cul-de-sa...	4 beds \| 3 baths \| 2,080 sq.ft.	$469,950	Airbnb cash on cash: N/A Traditional cash on cash: 3.04% Airbnb Rental Income: $null Traditional Rental Income: $2267 Airbnb ROI: N/A Traditional ROI: 3.04%
3416 Grandin Rd SW Roanoke, VA This 4BR Colonial is spacious and well-maintained with exceptional indoor and outdoor livi...	4 beds \| 3 baths \| 2,032 sq.ft.	$424,950	Airbnb cash on cash: N/A Traditional cash on cash: 3.99% Airbnb Rental Income: $null Traditional Rental Income: $2502 Airbnb ROI: N/A Traditional ROI: 3.99%
3008 Maywood Rd SW Roanoke, VA Welcome to this beautifully updated 4-bedroom, 2.5-bath home in highly sought-after South ...	4 beds \| 3 baths \| 3,749 sq.ft.	$749,950	Airbnb cash on cash: N/A Traditional cash on cash: 1.94% Airbnb Rental Income: $null Traditional Rental Income: $2899 Airbnb ROI: N/A Traditional ROI: 1.94%
3008 Maywood RD Roanoke, VA Welcome to this beautifully updated 4-bedroom, 2.5-bath home in highly sought-after South ...	4 beds \| 3 baths \| N/A	$749,950	Airbnb cash on cash: N/A Traditional cash on cash: 1.92% Airbnb Rental Income: $null Traditional Rental Income: $2886 Airbnb ROI: N/A Traditional ROI: 1.92%
4930 Fralin Rd NW Roanoke, VA Welcome to this move-in ready 2-bedroom, 1-bath home offering comfortable single-level liv...	2 beds \| 1 baths \| 720 sq.ft.	$174,900	Airbnb cash on cash: 0.86% Traditional cash on cash: 2.76% Airbnb Rental Income: $919 Traditional Rental Income: $893 Airbnb ROI: 0.86% Traditional ROI: 2.76%
6936 Plantation Rd Roanoke, VA PRICED BELOW TAX ASSESSMENT FOR IMMEDIATE EQUITY! MASSIVE VALUE ON A HALF-ACRE--NO HOA! Sn...	4 beds \| 2 baths \| 1,750 sq.ft.	$264,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.09% Airbnb Rental Income: $null Traditional Rental Income: $2096 Airbnb ROI: N/A Traditional ROI: 6.09%
3516 Timberline Trl Roanoke, VA Charming, fully furnished one bedroom condo located in sought after SW Roanoke County. Lar...	1 beds \| 1 baths \| 772 sq.ft.	$146,000	Airbnb cash on cash: -2.47% Traditional cash on cash: 4.6% Airbnb Rental Income: $513 Traditional Rental Income: $1227 Airbnb ROI: -2.47% Traditional ROI: 4.6%
4444 Pheasant Ridge Rd SW #206 Roanoke, VA Condo living at its best. This 2 bedroom, 2 bath unit is light and airy. Convenient to sho...	2 beds \| 2 baths \| 1,600 sq.ft.	$279,500	Airbnb cash on cash: -0.94% Traditional cash on cash: 3.66% Airbnb Rental Income: $1083 Traditional Rental Income: $1924 Airbnb ROI: -0.94% Traditional ROI: 3.66%
3129 Hidden Oak Rd SW Roanoke, VA Experience timeless elegance in this custom built home showcasing exceptional craftsmanshi...	4 beds \| 4 baths \| 2,983 sq.ft.	$759,950	Airbnb cash on cash: N/A Traditional cash on cash: 2.07% Airbnb Rental Income: $null Traditional Rental Income: $3045 Airbnb ROI: N/A Traditional ROI: 2.07%
5432 Quail Ridge Cir Roanoke, VA Low-maintenance Hunting Hills patio home with a bright, open plan. The vaulted great room ...	4 beds \| 3 baths \| 3,576 sq.ft.	$545,000	Airbnb cash on cash: 1.77% Traditional cash on cash: 2.79% Airbnb Rental Income: $2780 Traditional Rental Income: $2646 Airbnb ROI: 1.77% Traditional ROI: 2.79%
157 Clubhouse Dr Roanoke, VA Just steps from the golf course, this well-maintained 4BR, 2.5BA home sits on a spacious c...	4 beds \| 3 baths \| 1,800 sq.ft.	$333,333	Airbnb cash on cash: N/A Traditional cash on cash: 5.51% Airbnb Rental Income: $null Traditional Rental Income: $2393 Airbnb ROI: N/A Traditional ROI: 5.51%
1343 Forest Park Blvd NW Roanoke, VA Come see this well maintained ranch! Perfect for a first time home owner. Features 3 BR 1 ...	3 beds \| 1 baths \| 1,024 sq.ft.	$189,995	Airbnb cash on cash: 3.32% Traditional cash on cash: 6.4% Airbnb Rental Income: $1435 Traditional Rental Income: $1562 Airbnb ROI: 3.32% Traditional ROI: 6.4%
5223 Victoria St NW Roanoke, VA Welcome to 5223 Victoria Street--a beautifully versatile ranch-style home where comfort, f...	4 beds \| 2 baths \| 2,036 sq.ft.	$249,950	Airbnb cash on cash: N/A Traditional cash on cash: 7.03% Airbnb Rental Income: $null Traditional Rental Income: $2252 Airbnb ROI: N/A Traditional ROI: 7.03%
2306 Wycliffe Ave SW Roanoke, VA Nestled in the heart of South Roanoke, this classic Foursquare brick home offers timeless ...	4 beds \| 2 baths \| 2,383 sq.ft.	$499,950	Airbnb cash on cash: N/A Traditional cash on cash: 2.49% Airbnb Rental Income: $null Traditional Rental Income: $2272 Airbnb ROI: N/A Traditional ROI: 2.49%
4702 Desi Rd NW Roanoke, VA Move-in ready 3BR/1BA home featuring a four-season sunroom equipped with a mini-split unit...	3 beds \| 1 baths \| 1,658 sq.ft.	$259,950	Airbnb cash on cash: 2.7% Traditional cash on cash: 4.2% Airbnb Rental Income: $1726 Traditional Rental Income: $1618 Airbnb ROI: 2.7% Traditional ROI: 4.2%

Real Estate investment in Roanoke, VA

There are 312 properties for sale in the city of Roanoke . The median list price in Roanoke is $237,358 and the average price per square foot is $113. In July 2026, the average monthly cash on cash return in Roanoke is 4.00%. The average monthly rental income in Roanoke is $2,104.

Roanoke, VA Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 312 investment properties available for sale in Roanoke.

In 2026, the best neighborhood to buy investment property is Fallon.

The ROI for Long-Term is higher than the Short-Term in Roanoke with average rental income of $2,104.

Your search for investment property begins and ends here

Investment Property for Sale in Roanoke, VA

1236 Longview Rd

Roanoke, VA

4 beds | 5 baths | 3,941 sq.ft.

$659,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5%

Airbnb Rental Income: $null

Traditional Rental Income: $4346

Airbnb ROI: N/A

Traditional ROI: 5%

4511 Westdale Rd NW

Roanoke, VA

3 beds | 3 baths | 2,260 sq.ft.

$285,000

Airbnb cash on cash: 0.85%

Traditional cash on cash: 6.44%

Airbnb Rental Income: $1311

Traditional Rental Income: $2406

Airbnb ROI: 0.85%

Traditional ROI: 6.44%

2756 Mcvitty Rd

Roanoke, VA

3 beds | 3 baths | 2,525 sq.ft.

$529,950

Airbnb cash on cash: -0.47%

Traditional cash on cash: 2.8%

Airbnb Rental Income: $1317

Traditional Rental Income: $2528

Airbnb ROI: -0.47%

Traditional ROI: 2.8%

3315 Forest Ridge Rd

Roanoke, VA

2 beds | 2 baths | 1,386 sq.ft.

$229,950

Airbnb cash on cash: -1.22%

Traditional cash on cash: 3.75%

Airbnb Rental Income: $984

Traditional Rental Income: $1714

Airbnb ROI: -1.22%

Traditional ROI: 3.75%

2646 Edgewood St SW

Roanoke, VA

3 beds | 2 baths | 1,915 sq.ft.

$299,950

Airbnb cash on cash: 0.32%

Traditional cash on cash: 5.04%

Airbnb Rental Income: $1144

Traditional Rental Income: $2097

Airbnb ROI: 0.32%

Traditional ROI: 5.04%

1611 8th St SE

Roanoke, VA

4 beds | 2 baths | 2,802 sq.ft.

$199,900

Airbnb cash on cash: N/A

Traditional cash on cash: 9.83%

Airbnb Rental Income: $null

Traditional Rental Income: $2348

Airbnb ROI: N/A

Traditional ROI: 9.83%

4438 Pheasant Ridge RD

Roanoke, VA

2 beds | 2 baths | N/A

$299,950

Airbnb cash on cash: -1.3%

Traditional cash on cash: 1.95%

Airbnb Rental Income: $1083

Traditional Rental Income: $1631

Airbnb ROI: -1.3%

Traditional ROI: 1.95%

6126 Greyholme LN

Roanoke, VA

3 beds | 2 baths | N/A

$370,000

Airbnb cash on cash: 0.99%

Traditional cash on cash: 3.23%

Airbnb Rental Income: $1434

Traditional Rental Income: $1786

Airbnb ROI: 0.99%